Photographer: Andrey Rudakov/Bloomberg

Oil Gives Pause to Kazakhstan’s Wealth Fund on Asset Sales

  • Samruk-Kazyna’s Grewal sees 2018 as likely start date of sales
  • Air Astana, Kazatomprom IPOs seen in 2 years as crude recovers

The crash in crude prices may have nudged Kazakhstan toward its biggest wave of privatization in history, but its wealth fund is now willing to bide its time for a recovery in oil to take hold.

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